JPMorgan Cuts Hyatt Price Target by 6 Dollars
Hyatt Hotels (NYSE:H) had its price target cut by research analysts at JPMorgan Chase & Co. from $215.00 to $209.00 in a report released on Friday.
The brokerage currently has an 'overweight' rating on the stock, indicating that there is still potential for growth despite the reduced target.
JPMorgan's price objective points to a potential upside of 19.03% from the stock's current price.
This move by JPMorgan Chase & Co. is not an isolated incident, as other research analysts have also been revising their price targets for Hyatt Hotels in recent weeks.